Title 30 — Mineral Lands and Mining
Chapter 5 — Lease of Oil and Gas Deposits in or Under Railroads and Other Rights-of-Way
§ 304. Provisions authorized in lease
Statutory text
Any lease granted by the Secretary of the Interior pursuant to this chapter may, in the discretion of said Secretary, contain a provision giving the lessee the right, with the approval of said Secretary, to shut down the operation of any well or wells the operation of which has become unprofitable, to resume operations when such resumption may result in profit, and to abandon any well or wells that cease to produce oil and/or gas in paying quantities.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 71–307 § 4 · 46 Stat. 373
Enacted · 30 U.S.C. § 304
(May 21, 1930, ch. 307, § 4, 46 Stat. 374.)
Source evidence
Code source credit
(May 21, 1930, ch. 307, § 4, 46 Stat. 374.)Enacted provision · exact public law section
Sec. 4. That any lease granted by the Secretary of the Interior pursuant to this Act may, in the discretion of said Secretary, contain a provision giving the lessee the right, with the approval of said Secretary, to shut down the operation of any well or wells the operation of which has become unprofitable, to resume operations when such resumption may result in profit, and to abandon any well or wells that cease to produce oil and/or gas in paying quantities.
1 of 1 references resolved to an enrolled provision
Credits
(May 21, 1930, ch. 307, § 4, 46 Stat. 374.)